European Factors to Watch-Shares seen edging up, BNP in focus

LONDON, July 1 Tue Jul 1, 2014 1:18am EDT

LONDON, July 1 (Reuters) - European stocks were seen opening marginally higher on Tuesday, with shares in BNP Paribas in focus after the French bank agreed to pay a fine of around $9 billion in a U.S. sanctions case.

Capital Spreads expected Britain's FTSE 100 to open up by 10 points, or 0.1 percent. It also saw Germany's DAX opening up by 8 points, or 0.1 percent, while France's CAC 40 was seen flat at the open.

Late on Monday, BNP Paribas pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve allegations it violated U.S. sanctions laws and enabled the activities of terrorists and humans rights abusers in Sudan and elsewhere.

In an unprecedented move, regulators also banned BNP for a year from conducting certain U.S. dollar transactions, a critical part of the bank's international business.

Europe bourses in 2014: (link.reuters.com/pad95v)

Asset performance in 2014: (link.reuters.com/rav46v) ------------------------------------------------------------------------------ > GLOBAL MARKETS-ASIAN SHARES STAY NEAR HIGHS, DOLLAR SOFT > US STOCKS-S&P 500, NASDAQ SCORE 6TH STRAIGHT QUARTER OF GAIN > NIKKEI GAINS AFTER SHRUGGING OFF BOJ TANKAN; CHINA PMI LIFTS MOOD > TREASURIES-U.S. BOND PRICES RISE, SET FOR GAINS IN FIRST HALF OF YEAR > FOREX-DOLLAR STARTS NEW QUARTER ON THE BACKFOOT > PRECIOUS-GOLD HITS 3-MONTH HIGH ON SOFTER DOLLAR, IRAQ VIOLENCE > METALS-LME COPPER HITS NEAR 4-MONTH PEAK ON TIGHT SUPPLY > BRENT HOLDS ABOVE $112 AS CHINA DATA DRAWS FOCUS BACK TO DEMAND (Reporting by Sudip Kar-Gupta; Editing by Subhranshu Sahu)

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